Trump has a meltdown and ends the interview
Welker: Just to be very clear, there's no evidence of what you're saying.
Trump: There’s a lot of evidence. There’s tremendous evidence. There’s nothing but evidence. The election was rigged. And it’s happening again in California. They’re cheating.
Welker: Do you have evidence?
Trump: All I have to do is look.
Welker: That’s not evidence. The local officials acknowledge they are slow
Trump: They’re crooked. Just like you’re crooked. You’re either crooked or stupid.
Are these the people you want "shaping Bitcoin's future"?
The FBI Director. The Acting AG. The SEC Chair. The CFTC Chair.
Bitcoin was literally invented to route around these people.
Now they're the keynote speakers.
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You asked who built this.
I'll introduce the team.
Donald J. Trump — Co-Founder Emeritus. The 47th President of the United States. His family takes 75% of net proceeds from token sales. He signed an executive order creating a Strategic Bitcoin Reserve while his family was selling tokens. The gold paper says his role is limited to lending his name and likeness. The website says Co-Founder Emeritus.
Eric Trump — co-founder. Executive Vice President of the Trump Organization. The public face of the project. Promotes it at Bitcoin conferences. He oversees a token whose holders can be frozen by a single anonymous wallet at any time.
Donald Trump Jr. — co-founder. Executive Vice President of the Trump Organization. Co-manages the project with his brother. Two sons of the sitting President, running a crypto project that accepts nine-figure investments from foreign sovereign wealth funds.
Barron Trump — co-founder. He was eighteen when he was named co-founder of a project that would go on to raise over half a billion dollars from accredited investors. He is a university student. That's the resume.
Chase Herro — co-founder. Before crypto, he sold weight-loss colon cleanses and a $149-a-month get-rich-quick course. Bloomberg wrote that profile. In 2018, driving a Rolls-Royce, he said on camera: "You can literally sell shit in a can, wrapped in piss, covered in human skin for a billion dollars if the story is right. Because people will buy it." That video was deleted. The audio survived. He co-founded Dough Finance before WLFI. It was hacked for $2.1 million. Users were left holding depreciated tokens. Then he co-founded this. He and Folkman own Axiom Management Group, a Puerto Rico LLC that takes 12.5% of WLFI net revenue. At least $65 million so far.
Zak Folkman — co-founder. Previously operated under the name Zack Bauer. Founded a company called Date Hotter Girls, LLC, selling books and seminars on picking up women. The New York Times investigated him. Reuters investigated him. Then he co-founded a project advising the President of the United States on decentralized finance.
Steven Witkoff — Co-Founder Emeritus. Billionaire real estate developer. Trump's golf partner. Trump's Middle East Special Envoy. The House Select Committee on the CCP documented that at least $31 million flowed to a Witkoff family entity shortly after his envoy appointment. A UAE royal invested $500 million in WLFI. His sons run the project.
Zach Witkoff — co-founder. Real estate degree from the University of Miami. Project manager at his father's company. No operational crypto experience before WLFI. Named his son Don, after the President. Reporting confirmed he pitched Middle East investors for WLFI while his father served as Special Envoy negotiating with those same governments. House Democrats sent letters.
Alex Witkoff — co-founder. The third Witkoff. Three sons of the Special Envoy, co-founding a crypto project that receives investments from the governments their father negotiates with.
Corey Caplan — Chief Technology Officer. Also co-founded Dolomite, the lending protocol. Three days before everything went public, WLFI deposited 5 billion tokens into Dolomite as collateral. Borrowed $75 million. Sixty-five million of it in USD1, WLFI's own stablecoin. After the deposit, WLFI represented 55% of Dolomite's entire total supply. Ordinary depositors who'd lent to the pool faced withdrawal constraints. Over $40 million went to Coinbase Prime. That's a fiat off-ramp. The CTO's own platform.
Ryan Fang — Head of Growth. Founded Tomo Wallet. Now he grows the user base for a project where the freeze function I built can lock any user's tokens at any time.
Brandi Reynolds — Chief Compliance Officer. She oversees AML and KYC. The compliance function for a project where one anonymous wallet can freeze any holder's tokens, where the President's sons have taken 75% of net token sale proceeds, where $75 million was borrowed against the project's own token on a platform co-founded by the project's own CTO in the project's own stablecoin.
That's the team.
The function I built doesn't take a name. It takes a wallet address. Any wallet address. And everyone on this roster has access to the dashboard that shows whose wallet is whose.
The team page has changed. The Co-Founder titles are gone. The President is now "Chief Crypto Advocate." His sons are "Web3 Ambassadors." The compliance officer disappeared. The titles changed. The function I built didn't.
That's governance.
Katy Tur mocks Trump's explanation that he thought the picture of him as Jesus was him as a doctor:
"I can see it more clearly. That is a doctor's coat, not a white robe. And those are his hands delivering antibiotic lotion, not golden beams of healing light. And those things above him, well, they're people he saved, not in the biblical sense, but in the made them better sense."